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Apollo-Backed CAIS Receives Growth Equity From Reverence Capital

  • CEO Matt Brown says CAIS Capital valued at $1.1 billion
  • CAIS is exploring options for tuck-in assets, Brown says
Matt Brown

Matt Brown

Source: CAIS

CAIS Capital LLC, a tech platform for financial advisers and alternative asset managers, has received a growth investment of $100 million from middle-market private equity firm Reverence Capital Partners LP.

As part of the deal, Reverence Capital Managing Partner Milton Berlinski will join CAIS’s board of directors, according to a statement provided to Bloomberg News. The latest raise is a continuation of the New York-based company’s $225 million round in January, when the business received capital commitments from Apollo Global Management Inc., Motive Partners and Franklin Templeton